Economics Paper 44

1

Which of the following would shift the demand curve for new textbooks to the right?






2

Which of these measures the responsiveness of the quantity of one good demanded to an increase in the price of anot her good?






3

Assume that the current market price is below the market clearing level. We would expect:






4

The income elasticity of demand is the:






5

In the long run, new firm s can enter an industry and so the supply elasticity tends to be:






6

A curve that represents all combinations of market baskets that provide the same level of utility to a consumer is called:






7

The magnitude of the slope of an indifference curve is:






8

Which of the following is a positive statement?






9

A supply curve reveals:






10

The slope of an indifference curve reveals:






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